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Anacortes council weighs REET shortfall as finance director previews budget and CFP amendments
Summary
At a March 2 first reading, Finance Director Steve Hoagland outlined REET projections and proposed 2026 budget and Capital Facilities Plan amendments, prompting council questions about grants, project timing and potential cuts before a public hearing in two weeks.
Finance Director Steve Hoagland told the Anacortes City Council on March 2 that the city will hold a first reading of Ordinance 50-23, a 2026 budget amendment, and a companion Capital Facilities Plan amendment and that final action — including a public hearing — is scheduled in two weeks. "This is a first read of both of these items," Hoagland said, adding he will return for final action after the public comment period.
Hoagland walked council through the city’s real estate excise tax (REET) picture, saying staff used year-to-date comparisons to reach a $1.4…
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